Panagora Asset Management Inc increased its stake in Ingersoll (IR) by 9.07% based on its latest 2018Q2 regulatory filing with the SEC. Panagora Asset Management Inc bought 165,605 shares as the company’s stock rose 12.84% with the market. The institutional investor held 1.99M shares of the o.e.m. company at the end of 2018Q2, valued at $178.64 million, up from 1.83M at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Ingersoll for a number of months, seems to be bullish on the $24.07B market cap company. The stock decreased 3.19% or $3.23 during the last trading session, reaching $97.98. About 1.25 million shares traded. Ingersoll-Rand Plc (NYSE:IR) has risen 14.27% since December 8, 2017 and is uptrending. It has underperformed by 1.35% the S&P500.

Panagora Asset Management Inc, which manages about $37.15 billion and $25.22 billion US Long portfolio, decreased its stake in Flagstar Bancorp Inc (NYSE:FBC) by 163,477 shares to 194,902 shares, valued at $6.68M in 2018Q2, according to the filing. It also reduced its holding in Mastercard Inc (NYSE:MA) by 63,451 shares in the quarter, leaving it with 829,245 shares, and cut its stake in Cooper Cos Inc/The (NYSE:COO).

More notable recent Ingersoll-Rand Plc (NYSE:IR) news were published by: Globenewswire.com which released: “Credicorp’s 2019 Quarterly Earnings Releases NYSE:BAP – GlobeNewswire” on December 07, 2018, also Seekingalpha.com with their article: “Zuora Has A Long Runway – Seeking Alpha” published on December 08, 2018, Businesswire.com published: “Zymeworks Submits Investigational New Drug (IND) Application for ZW49 and Presents IND-Enabling Studies at the San Antonio Breast Cancer Symposium – Business Wire” on December 08, 2018. More interesting news about Ingersoll-Rand Plc (NYSE:IR) were released by: Themiddlemarket.com and their article: “M&A wrap: OTPP, Fleet Complete, Madison Dearborn, Fiat, Wind Point – Mergers & Acquisitions” published on November 26, 2018 as well as Globenewswire.com‘s news article titled: “Vishay Introduces IrDA®-Compliant IR Transceiver Module in Standard 6.8 mm by 2.8 mm by 1.6 mm Footprint – GlobeNewswire” with publication date: November 26, 2018.

Ingersoll-Rand Plc (NYSE:IR) Ratings Coverage

Among 11 analysts covering Ingersoll-Rand (NYSE:IR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Ingersoll-Rand had 11 analyst reports since June 19, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Thursday, October 25 report. The stock of Ingersoll-Rand Plc (NYSE:IR) has “Neutral” rating given on Monday, July 30 by Bank of America. As per Thursday, October 25, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by UBS given on Thursday, August 30. As per Thursday, August 9, the company rating was maintained by Barclays Capital. Argus Research maintained Ingersoll-Rand Plc (NYSE:IR) on Tuesday, July 31 with “Buy” rating. As per Thursday, October 25, the company rating was upgraded by KeyBanc Capital Markets.